Unemployment is creeping higher, gas is at historic highs and the weather has been terrible in major portions of the country. All of that being the case, the consumer must be doing less shopping, right? No need to guess, Breakout viewers, the first Thursday of every month is when we get to hear about the consumer when retailers report same-store sales.
To help us decipher today's data, Breakout welcomed Walter Stackow, senior retail analyst in the consumer group at Manning & Napier. The trick of looking at retail this time of year is to remember that Easter is the main driver of seasonal sales and the timing of the holiday changes from year to year. The headlines were inflated by a late Easter, so it's important to note that analysts view March and April on a combined basis. Adjusted for all that noise, the results were still encouraging.
This was "the toughest March/ April compare in about seven years" says Stackow, referring to robust sales during perhaps the giddiest portion of theRead More »from The Best Retail Stocks to Own: Stackow